SCHEDULE F (Form 1040

)
Department of the Treasury Internal Revenue Service

Profit or Loss From Farming
Attach to Form 1040, Form 1041, or Form 1065. See Instructions for Schedule F (Form 1040).

OMB No. 1545-0074

Attachment Sequence No. Social security number (SSN)

14

Name of proprietor

A Principal product. Describe in one or two words your principal crop or activity for the current tax year.

B Enter principal agricultural activity code (from page 2) D Employer ID number (Not SSN)

C Accounting method:

(1)

Cash

(2)

Accrual Yes No

E Did you “materially participate” in the operation of this business during 1992? If “No,” see page F-1 for limitations on losses.

Part I
1 2 3 4

Farm Income—Cash Method—Complete Parts I and II

(Accrual method taxpayers complete Parts II and III, and line 11 of Part I.)

Do not include sales of livestock held for draft, breeding, sport, or dairy purposes; report these sales on Form 4797.
Sales of livestock and other items you bought for resale Cost or other basis of livestock and other items reported on line 1 Subtract line 2 from line 1 5b Taxable amount 6b Taxable amount 1 2 3 4 5b 6b 7a 7b 7c Taxable amount 8b Taxable amount 7c 8b 8d 9 10 11

Sales of livestock, produce, grains, and other products you raised 5a Total cooperative distributions (Form(s) 1099-PATR) 5a 6a 6a Agricultural program payments (see page F-2) Commodity Credit Corporation (CCC) loans (see page F-2): a CCC loans reported under election b CCC loans forfeited or repaid with certificates

7

8

a Amount received in 1992 9 10 11

Crop insurance proceeds and certain disaster payments (see page F-2): 8a Custom hire (machine work) income

c If election to defer to 1993 is attached, check here

8d Amount deferred from 1991

Other income, including Federal and state gasoline or fuel tax credit or refund (see page F-3) Gross income. Add amounts in the right column for lines 3 through 10. If accrual method taxpayer, enter the amount from page 2, line 51.

Part II
12 13 14 15 16

Farm Expenses—Cash and Accrual Method (Do not include personal or living expenses such as taxes, insurance, repairs, etc., on your home.)
25 12 13 14 15 27 28 16 17 18 19 20 21 22 23a 23b 24 29 30 31 32 33 34 a b c d e f 26 Pension plans and profit-sharing 25

Car and truck expenses (see page F-3—also attach Form 4562) Chemicals Conservation expenses. Attach Form 8645 Custom hire (machine work) Depreciation and section 179 expense deduction not claimed elsewhere (see page F-3) Employee benefit programs other than on line 25 Feed purchased Fertilizers and lime Freight and trucking Gasoline, fuel, and oil Insurance (other than health) Interest:

Rent or lease (see page F-4 ): a Vehicles, machinery, and equipment b Other (land, animals, etc.) Repairs and maintenance Seeds and plants purchased Storage and warehousing Supplies purchased Taxes Utilities Veterinary, breeding, and medicine Other expenses (specify): 34a 34b 34c 34d 34e 34f 35 36 37a 37b All investment is at risk.
Some investment is not at risk.

26a 26b 27 28 29 30 31 32 33

17 18 19 20 21 22 23

a Mortgage (paid to banks, etc.) b Other 24 Labor hired (less jobs credit) 35 36 37

Total expenses. Add lines 12 through 34f Net farm profit or (loss). Subtract line 35 from line 11. If a profit, enter on Form 1040, line 19, and on Schedule SE, line 1. If a loss, you MUST go on to line 37 (fiduciaries and partnerships, see page F-5) If you have a loss, you MUST check the box that describes your investment in this activity (see page F-5). If you checked 37a, enter the loss on Form 1040, line 19, and Schedule SE, line 1. If you checked 37b, you MUST attach Form 6198.
Cat. No. 11346H

For Paperwork Reduction Act Notice, see Form 1040 instructions.

Schedule F (Form 1040) 1992

Schedule F (Form 1040) 1992

Page

2

Part III

Farm Income—Accrual Method (see page F-5)
Do not include sales of livestock held for draft, breeding, sport, or dairy purposes; report these sales on Form 4797 and do not include this livestock on line 46 below.

38

Sales of livestock, produce, grains, and other products during the year 39a 40a 39b Taxable amount 40b Taxable amount

38 39b 40b

39a Total cooperative distributions (Form(s) 1099-PATR) 40a Agricultural program payments 41 Commodity Credit Corporation (CCC) loans: a CCC loans reported under election b CCC loans forfeited or repaid with certificates 42 43 44 45 46 47 Crop insurance proceeds Custom hire (machine work) income

41a 41b 41c Taxable amount 41c 42 43 44 45 46 47 48 49 50 51

Other income, including Federal and state gasoline or fuel tax credit or refund Add amounts in the right column for lines 38 through 44 Inventory of livestock, produce, grains, and other products at beginning of the year Cost of livestock, produce, grains, and other products purchased during the year Add lines 46 and 47 Inventory of livestock, produce, grains, and other products at end of year

48 49 50 51

Cost of livestock, produce, grains, and other products sold. Subtract line 49 from line 48* Gross income. Subtract line 50 from line 45. Enter the result here and on page 1, line 11

*If you use the unit-livestock-price method or the farm-price method of valuing inventory and the amount on line 49 is larger than the amount on line 48, subtract line 48 from line 49. Enter the result on line 50. Add lines 45 and 50. Enter the total on line 51.

Part IV Principal Agricultural Activity Codes
Caution: File Schedule C (Form 1040), Profit or Loss From Business, or Schedule C-EZ (Form 1040), Net Profit From Business, instead of Schedule F if: ● Your pr incipal source of income is from providing agr icultural services such as soil preparation, veterinary, far m labor, horticultural, or management for a fee or on a contract basis, or ● You are engaged in the business of breeding, raising, and car ing for dogs, cats, or other pet animals. Select one of the following codes and write the 3-digit number on page 1, line B: 120 Field crop, including grains and nongrains such as cotton, peanuts, feed corn, wheat, tobacco, Irish potatoes, etc. 160 Vegetables and melons, garden-type vegetables and melons, such as sweet corn, tomatoes, squash, etc. 170 Fruit and tree nuts, including grapes, berries, olives, etc. 180 Ornamental floriculture and nursery products 185 Food crops grown under cover, including hydroponic crops 211 Beefcattle feedlots 212 Beefcattle, except feedlots 215 Hogs, sheep, and goats 240 Dairy 250 Poultry and eggs, including chickens, ducks, pigeons, quail, etc. 260 General livestock, not specializing in any one livestock category 270 Animal specialty, including bees, fur-bearing animals, horses, snakes, etc. 280 Animal aquaculture, including fish, shellfish, mollusks, frogs, etc., produced within confined space 290 Forest products, including forest nurseries and seed gathering, extraction of pine gum, and gathering of forest products 300 Agricultural production, not specified